U.K.-based rental company Vp plc said it is seeing “tentative” signs of economic recovery with some improvement in home-building and a modest uplift in rail activity. General contracting-related demand is remaining stable but with few signs of growth, the company said.

Vp added that it is focusing on cash conservation and that its trading outlook for the year remains unchanged. Vp is based in Harrowgate, North Yorkshire, U.K.